Work and Wellbeing · 20 August 2018

Why micro businesses need to prioritise work and wellbeing and how to get started

Work-related mental ill-health is costing businesses up to 26bn every year.
Feeling run down? Overwhelmed running your business? A new wellbeing collaboration from AXA PPP healthcare for small business owners can help you manage health and wellbeing to get the most out of your day, one step at a time.

One in four micro business owners missed Christmas Day in 2017 due to work commitments, says a study from finance platform, Ultimate Finance. If you’re one of these people, there’s no need to be a statistic. Have you stopped to think about your own health recently?

A poor work and life balance could be putting your physical and mental wellbeing at risk. Every business owner wants to ensure their company succeeds, but overlooking the impact of long hours and work-related stress will eventually compromise both business performance and health.

For employers leading small teams, the health and wellbeing of staff is equally important to managing cashflow. While, according to the Institute of Directors, there’s been a notable rise in the number of employees raising mental health issues with their employer, work-related mental ill-health is costing businesses up to £26bn every year through lost productivity and working days, according to the mental health charity, mind.

Why work and wellbeing go hand-in-hand

To help micro business owners prioritise health and wellbeing in the workplace without sacrificing productivity, Business Advice has teamed up with AXA PPP healthcare to support their SME Work and Wellbeing programme a collaboration with cross-industry business leaders. Its aim is to showcase real-world experience to support and inform small and developing businesses of the importance of health and wellbeing in the workplace.

AXA PPP healthcare is working in collaboration with four entrepreneurs passionate about work and wellbeing to help fellow business owners and their staff think about health in a positive way.

We caught up with some of these business owners to see how small changes can deliver positive results for businesses and the people running them.

Does your environment inspire you?

Establishing a health-conscious workplace can aid staff retention and recruitment. Gina Conway, who owns a London-based salon, knew that creating a business where employees enjoyed coming into work was crucial.

people are looking for natural solutions to a busy and often crazy world, she said. My salons are a small oasis where people can escape and rejuvenate. I always aim to hire people who thrive in these environments and are naturally warm towards others.

Do you take time for recovery?


 
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ABOUT THE EXPERT

Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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